A couple weeks ago, the WaMu Board of Directors properly (if late) fired the old CEO and hired a new one, Fishman. You’re spouting the new hire’s contract of a couple weeks ago, which really has nothing to do with the bailout! Yesterday Fishman was fired also, by the FDIC! WaMu lucked out, and now has Jamie Dimon as its CEO. So those of us who bank there went from the Worst Bank in the country to the Best Bank in the country overnite!
Nope, Fishman is still with WaMu/JPM. I’m listening to him and Charlie Scharf (head of JPM Chase Retail financial Services) on an internal WaMu conference call right now.